Post
Topic
Board Bitcoin Discussion
Re: One Remarkable thing about Bitcoin
by
leea-1334
on 18/02/2022, 12:47:52 UTC
It's time to stop calling Bitcoin "new technology". It's 13 years old. And blockchain hype started in 2015, so it has been 7 years since that.
It stops being new when something newer comes along in my books and so far nothing newer has been seen, everything is a poor copy of bitcoin. On top of that if we consider the adoption, bitcoin's is still less than 1%. One way for bitcoin to stop being "new technology" is actually being adopted and used.
Another view is that Bitcoin is changing and improving, in other words not only the technology is new but also new things keep coming out: Script hash, locktime contracts, SegWit, Taproot, Lightning Network, ...

The funny thing in blockchain "industry" now that some people are even calling new projects using "blockchain 4.0",,, when to me in reality, Bitcoin was the blockchain "original" and maybe if we want to argue Ethereum is making the type of next 2.0 because of much more capabilities for smart contracts and cross-chain.

I do agree we still can consider it new though because adoption has not happened.